BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tammy obtained a loan with an interest rate of 39.99% from a bank. Which law did this financial institution violate?
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Credit Card Act of 2009
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Usury law
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Truth In Lending Act
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Fair Credit Reporting Act
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Explanation:
Detailed explanation-1: -Which federal law regulates the use of credit reports, requires the deletion of obsolete information, and gives you access to your life? Fair Credit Reporting Act.
Detailed explanation-2: -A credit bureau record on a given individual. It may include: consumer name, address, Social Security number, credit history, inquiries, collection records, and public records such as bankruptcy filings and tax liens.
There is 1 question to complete.